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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Decentralized AI startup Nous Research has secured $50 million in a Series A round led by Paradigm, valuing the company at $1 billion. The funding will accelerate the development of open-source AI models powered by Solana and global computing resources.
- Nous Research's $50M Series A round, led by Paradigm, marks a major milestone in decentralized AI development.
- The startup uses Solana to coordinate global idle computing power for training open-source AI models, avoiding centralized data centers.
- Paradigm's backing signals strong crypto VC interest in AI, with Nous Research positioned to challenge giants like OpenAI.
📎 Read the original article on cointelegraph.com